ProFund plans new short funds

Real estate, oil & gas funds will seek inverse of indexes

By

KathieO'Donnell

BOSTON (MarketWatch) - ProFund Advisors LLC., adviser to the nation's largest lineup of indexed mutual funds, said it plans to offer funds that allow investors to bet against real estate as well as oil and gas.

Both funds seek to provide daily investment results, before fees and expenses, that match the inverse of the daily price performance of their benchmark indexes, a Monday regulatory filing said.

Short Oil & Gas ProFund will seek to capture 100% of the daily opposite performance of the Dow Jones U.S. Oil & Gas Index. Short Real Estate ProFund will seek to capture 100% of the daily opposite performance of the Dow Jones U.S. Real Estate Index.

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